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August 04, 2009

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Restaurants should realise that if they want customers to carry on dining out then they need to lower their prices. It's not rocket science.

UGG Amelie Suede

I think not, for three reasons. The first is that even the adjustments that every economist would favor in principle, such as subtracting depreciation from market value, involve contestable judgments (there is a measure called Net Domestic Product that subtracts normal depreciation from GDP).

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